Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
An update from Ultimate Products plc ( (GB:ULTP) ) is now available.
Ultimate Products plc has announced the purchase and cancellation of 10,050 ordinary shares as part of its ongoing share buyback program, initially announced in May 2024. This transaction, executed through Shore Capital Stockbrokers Limited, adjusts the company’s total voting rights to 86,483,022 ordinary shares, impacting shareholder calculations under FCA rules. This strategic move is indicative of Ultimate Products’ efforts to manage its share capital effectively, potentially enhancing shareholder value and affirming its robust market position.
The most recent analyst rating on (GB:ULTP) stock is a Buy with a £182.00 price target. To see the full list of analyst forecasts on Ultimate Products plc stock, see the GB:ULTP Stock Forecast page.
Spark’s Take on GB:ULTP Stock
According to Spark, TipRanks’ AI Analyst, GB:ULTP is a Outperform.
The stock’s valuation is highly attractive due to its low P/E ratio and high dividend yield, signifying strong investment potential. However, technical indicators point to a bearish trend, and financial performance shows volatility in revenue growth. Positive corporate events, such as insider buying and share buybacks, add confidence but do not completely offset the technical weaknesses.
To see Spark’s full report on GB:ULTP stock, click here.
More about Ultimate Products plc
Ultimate Products plc is a prominent player in the homeware industry, owning several leading brands such as Salter and Beldray. The company specializes in product categories including small domestic appliances, housewares, laundry, audio, and heating and cooling. With a market reach extending to over 300 retailers across 38 countries, Ultimate Products serves a diverse range of large and small retailers, including discount stores, supermarkets, and online platforms. Established in 1997 and headquartered in Oldham, Greater Manchester, the company employs over 370 staff and operates additional offices in Guangzhou, China, and Paris, France.
Average Trading Volume: 492,819
Technical Sentiment Signal: Sell
Current Market Cap: £52.57M
Learn more about ULTP stock on TipRanks’ Stock Analysis page.